HDFC Bank Limited (NYSE:HDB) Holdings Increased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,274,755 shares of the bank's stock after buying an additional 237,324 shares during the period. American Century Companies Inc. owned about 0.05% of HDFC Bank worth $81,406,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the fourth quarter valued at $29,000. Pin Oak Investment Advisors Inc. grew its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after buying an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter valued at about $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank during the fourth quarter worth about $60,000. Finally, JFS Wealth Advisors LLC lifted its holdings in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after acquiring an additional 351 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HDB. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

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HDFC Bank Stock Performance

NYSE:HDB traded down $0.71 during mid-day trading on Friday, hitting $66.15. The stock had a trading volume of 2,139,832 shares, compared to its average volume of 2,723,500. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $167.50 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a 50 day simple moving average of $60.85 and a 200-day simple moving average of $62.61.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.